In This Issue:
Is The Economy Finally Turning Around?
Companies With Cheap Eats Are Doing Well
China's Economy Is Still Hot (Compared With Everybody Else)
Energy Investments Are Looking Good Again
The Bottom Line This Week
The
stock market rally that started on March 9 is proving to have longer legs than
even the most optimistic investors dared hope. Through the end of May, the
S&P 500 was up 30 percent even though the economy was continuing to
decline.
Over
the past month, however, the market's performance suggests that the rally may
be getting short of breath. Since our last newsletter, the Dow gained an unremarkable
1.1% and the Nasdaq barely rose 0.7%. It remains to be seen if stocks will get
a second wind and run for another few laps, of if a correction is on the way.
...